Wednesday, 20 August 2014

Tax Audit Report due date extended to 30th November 2014

The CBDT has vide Order u/s 119 of the Income tax Act, 1961 dated 20.08.2014 has postponed the due date for filing of Tax Audit Report (for non Transfer Pricing cases) from 30th September, 2014 to 30th November 2014 for Financial 
Year 2013-14 / AY 2014-15
It has further clarified that in light of sudden requirement to comply with new Tax Audit Report format, the assessee who have filed it in old format, such Report will be considered as valid.

Following is the extract of the Order:

Room No. 147 B-II, North Block
New Delhi, the 20th August, 2014

Order Under Section 119 of the Income-tax Act, 1961

In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.
2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act.

Under Secretary (TPL-III)
Copy to:-
(i) The Chairman (CBDT), All Members, Central Board of Direct Taxes for information.
(ii) All Cadre Controlling Pr. Chief Commissioners of Income-tax with a request to circulate amongst all officers in their regions/charges.
(iii) The Pr. Director General of Income Tax (Admn.) Mayur Bhawan, New Delhi.
(iv) The Director General of Income Tax (Systems) with a request for uploading it on the Departmental website.
(v) Commissioner of Income Tax (M&TP), CBDT.
Under Secretary (TPL-III)

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